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    4948 Shoulders Hill Rd Suffolk, VA 23435

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    4948 Shoulders Hill Rd Suffolk, VA 23435

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    • Land
    For Sale
    $1,195,000
    View Listing →
    Development Opportunity in Growth Area For Sale
    $1,195,000

    Development Opportunity in Growth Area

    Land available in a growing area, ideal for development.

    4948 Shoulders Hill Rd, Suffolk, VA 23435
    View Listing
    Property ID
    US87-3608526
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4948 Shoulders Hill Rd

    Property type
    Land

    Description

    If you would like more information on the property please do not message us via Crexi, please call 757-867-8777 or message mspencer@ thestorageacquisitiongroup.com . Exceptional development opportunity in a tremendous growth area!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.4624922
    Latitude
    36.8398143

    Comparable in this City

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      Suffolk, VA Acreage Opportunity

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    • $42,000
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      Suffolk, VA Land Opportunity

      Land available near interstate, restaurants, medical facilities, and shopping.
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      Development Opportunity in Growth Area

      Exceptional land development opportunity in a high-growth area.
      4948 Shoulders Hill Rd, Suffolk, VA 23435
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    • $55,000

      Suffolk, VA Cleared Lot

      Cleared 0.18 acre lot in Suffolk, Virginia.
      18AC Clifton St, Suffolk, VA 23435
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      Land For Sale

      Land available for sale.
      5392 Nansemond Pkwy, Suffolk, VA 23435
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    • $120,000
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      Suffolk, VA Cleared Land Lot

      One acre lot near Harbourview area of Suffolk, Virginia.
      4200 John 301728600 St, Suffolk, VA 23435
      View Details

    Similar Nearby for Sale

    • $120,000
      1.00 Acre

      Suffolk, VA Acreage Opportunity

      Acreage available near Harbourview area of Suffolk, Virginia.
      4200 John 304362300 St, Suffolk, VA 23435
      View Details
    • $42,000
      0.15 Acres

      Suffolk, VA Land Opportunity

      Land available near interstate, restaurants, medical facilities, and shopping.
      80 Pughsville Rd, Suffolk, VA 23435
      View Details
    • Contact for pricing

      Development Opportunity in Growth Area

      Exceptional land development opportunity in a high-growth area.
      4948 Shoulders Hill Rd, Suffolk, VA 23435
      View Details
    • $55,000

      Suffolk, VA Cleared Lot

      Cleared 0.18 acre lot in Suffolk, Virginia.
      18AC Clifton St, Suffolk, VA 23435
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      5392 Nansemond Pkwy, Suffolk, VA 23435
      View Details
    • $120,000
      1.00 Acre

      Suffolk, VA Cleared Land Lot

      One acre lot near Harbourview area of Suffolk, Virginia.
      4200 John 301728600 St, Suffolk, VA 23435
      View Details

    Similar Nearby for Lease

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      Retail Space Near Medical Center

      Retail space available in Suffolk, near Bon Secours Medical Center.
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      2,700 SF

      Food Lion Anchored Retail Space

      Retail space in a Food Lion-anchored neighborhood center.
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      1,576 SF

      Harbour View Professional/Medical Office

      Professional/medical office complex in the heart of Harbour View.
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      Retail Space in Suffolk, Virginia

      Retail property with diverse tenant mix in Suffolk, Virginia.
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      4,751 SF

      Class A Medical Office Space

      Two-story medical office building near Bon Secours Harbour View.
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      1,188 SF

      Suffolk Mixed-Use Development Space

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      View Details
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    Suffolk, VA 23435
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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